Netflix to Offer $1 Billion in Dollar, Euro Denominated Senior Unsecured Notes
April 22 2020 - 9:42AM
Dow Jones News
By Michael Dabaie
Netflix Inc. said it would offer about $1 billion aggregate
principal amount of U.S. dollar denominated and euro denominated
senior unsecured notes in two series.
Netflix said it plans to use the proceeds for general corporate
purposes, including content acquisitions, production and
development, capital expenditures, investments, working capital and
potential acquisitions and strategic transactions.
Shares fell 1.8% to $426.03 premarket.
The interest rate, redemption provisions, maturity date and
other terms will be determined by negotiations between Netflix and
the initial purchasers.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
April 22, 2020 09:27 ET (13:27 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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